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The ultimate dream of many online entrepreneurs is to build a successful web site and then sell it for thousands, perhaps millions of dollars. Exam

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

ple: Sergey Brin and Larry Page, the original creators of google.com probably had no idea they would become so rich by creating a search engine web

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

site. Hey, stuff happens right?

Selling a domain name is easy. Selling a site that you have poured months or years of your life into building, pro

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

moting and nurturing, is a bit more difficult. If you care about what you've built and want to see it continue to succeed and grow, it can be as d

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

fficult as selling one of your own children.

Scenario: You are approached by someone who is interested in purchasing your web site. Your first tho

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ght is that it's some joke but you find it to be a genuine proposal. An offer is made and negotiations begin.

Stop! If the sale involves more tha

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

n a couple thousand dollars, it is in your best interest to get an attorney. Do this before any contracts are signed or any money changes hands or

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

ou could lose the proverbial "shirt off your back" AND the web site you built so carefully.

In most cases, the sale will include all intellectual

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

nd virtual property. This means everything; the software, the domain name, the page copy, the clients/customers and the traffic. All rights to any

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

of the material on the web site will transfer to the new owner as well as the responsibility for the future success or failure of that web site.

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

uring negotiations, a contract (should) be drawn up which contains every detail of the sale. This contract may include:
* A non-compete clause

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

meaning you can not go out and build the same type of web site within a specified period of time;
* Final sale price including fees and expe

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

nses; how they will be paid and by whom;
* Terms of transfer: when the transfer is to be completed, how the transfer will be handled etc.;

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

* Inclusions/Exclusions: this will state exactly what is and what is not included in the sale;
* Rights of the buyer and rights of the seller

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

during and after the sale process.

If you are not an attorney, I advise you to get one because if you sign a binding agreement, you're stuck with

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

it. Make sure you know what the contract says; I mean really understand it from a legal point of view. Make sure there are no "loopholes" which cou

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

d cause problems down the road and that your rights are protected and clearly specified. Make sure you completely understand each and every paragra

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

h, including the small print!

Being presented with a considerable chunk of change in exchange for selling all rights to your web site could be a d

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ream come true. Don't let those dollar signs in your eyes cloud your vision. Think clearly about what the site means to you and how you will feel a

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

out it after you no longer own it. If you're sure you still want to sell it, get an attorney to preview any contracts or forms BEFORE you sign them

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Learn how you can create a simple blog and earn money online! Learn the secrets to how blogs can earn you money for life!

What one action step could you take today that would move you toward your desired outcome in this one area of your well-being? Take this action step today and commit yourself to repeating and reinforcing it over the next 21-days until your new behavior has become a habit. Then go through this same process identifying the next one thing you'd like to change

When you apply for credit, those lending you the money want to know if you are going to pay them back. One way they decide if you are a good risk is to see how you’ve dealt with other people’s money. They find this information in your credit report.

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